Wage isn't reporting today as planned.
This may be a good column to write about why and how all this works, while we reflect on performance and how we make money doing this.
Life is messy business. WAGE CEO was fired and there is a newly disclosed internal investigation into its financial controls, so they are not reporting today… or if they do they will sneak it in because it was leaked it will be really bad. Problems, problems, problems.
But here’s the deal. We LOVE IT. We like problems because it adds up to volatility and creates chaos. We thrive on chaos because we have the tools to make sense of it… and here is the big idea that I want every member reading this to know.
WE ARE TRADERS.
Yep, we trade – we do not invest. So we are interested in catalysts that we can dial in on with our intelligence systems and then profit from the event. I say it alot, and those that have been with me a few years understand it perfectly, but most people don’t – because they are not traders even though they may have a margin account. They are used to buying a few shares of MSFT or GOOG and holding it and waiting for the magic to happen. And they are really happy with 7% a year.
We on the other hand (meaning StockJumpers) scoff at such thinking because we can make that in a few hours assuming we get the direction right. So what’s the point of today’s news. Nothing really – other than life happens and we adapt. A member emailed me this morning asking; “Whats up with WAGE this morning?”
Answer: Life happened. We move on to the next one. Its really that simple.
We can make a tremendous amount of profit with the StockJumpers strategy because we are not attached to anything. I mean it. We are like trading ninja’s that go in with our stealth intell tools and slaughter on the knowledge and then back to our treasure den to count the booty.
Are you brave enough to do this? Of course most are not because it involves risk and most people don’t have stomach for it. They want an easy life and someone else to take risk – or at least someone to blame when things go wrong. I accept this is this the way of life. Its always been this way. More soup for the warriors.
We are StockJumpers — the ninja warriors of the trading world.
As trading season winds down and picks back up NEXT week, we are sharpening our tools and getting ready to invade Wall Street and take what is rightfully ours in silence and without fanfare. The prize is knowing we have the “edge” and we can pounce on whatever opportunities present themselves. And we will indeed.
This is the rest of the weeks line-up…
Healthcare Servcies (HCSG)
Bed Bath & Beyond Inc. (BBBY)
Companhia Paranaense de Energia – COPEL (ELP)
Its not like last week… with a 90% Jump Zone profit, but these are still worth trading. BBBY especially will be interesting… and good for 15% at least.
And then next week…earnings season kicks off again with a royal feast of picks to choose from, with — Netflix, Pier 1 and Sketchers for starters. Dump-truck loads of money are ready to come to your driveway and dump off the spoils.
That’s all for today… Tomorrow will be more fun I promise.